Ex-Dean: I Expect Some Law Schools to Close [Video] by Bloomberg Law on 4/25/2012 April 25 (Bloomberg Law) -- Former University of Nebraska and University of Houston Law School Dean Nancy Rapoport tells Bloomberg Law's Lee Pacchia that she expects some law schools to close their doors because of the...more
MUNICIPAL TAXES, TAX SALE CERTIFICATES, AND THE MATTER OF PRINCETON OFFICE PARK – (Part 1 of 4) – The Need for Muncipalities to... by Joel Glucksman on 3/2/2012 The Need For Municipalities To Sell Tax Liens In New Jersey, unpaid real estate taxes are a “continuous lien” on land, N.J.S.A. § 54:5-6. However, it is often not easy for municipalities to realize a sufficient financial...more
California Enacts Controversial Municipal Bankruptcy Law: Assembly Bill 506 by Mette Kurth on 1/9/2012 A years-long political duel over whether California should control local government bankruptcies was resolved on October 9, 2011. Chapter 9 of the Bankruptcy Code provides specifically for the reorganization of cities and...more
December 2, 2011 - The Federal Crimes Watch Daily by McNabb Associates, P.C. on 12/2/2011 The Federal Crimes Watch Daily is a daily newspaper that discusses current federal criminal issues written by a federal criminal defense attorney....more
Harrisburg Bankruptcy Under Contention by Tampa Bay Bankruptcy Center, P.A. on 10/18/2011 The City Council of Harrisburg, Pennsylvania’s filed for bankruptcy on Wednesday, immediately triggering a response from Govenor Tom Corbett, who argued that the filing was illegal under state law. The city was plunged into...more
A Chapter 11 Diaspora? House Judiciary Committee Considers Chapter 11 Venue Reform by Sheppard Mullin Richter & Hampton LLP on 10/12/2011 The House Judiciary Committee recently held a hearing to consider an amendment to the venue provisions of the Bankruptcy Code proposed by the Committee’s Chairman that would require corporations to file voluntary chapter 11...more
Solyndra Bankruptcy and Obama Administration by Tampa Bay Bankruptcy Center, P.A. on 9/22/2011 The collapse of Solyndra Corp, a California based solar maker has subjected the Obama Administration to more than just nation-wide criticism and embarrassment. It has cost US taxpayers $535 million in a loan guaranteed by the...more
Governors Oppose Bankruptcy for States by Tampa Bay Bankruptcy Center, P.A. on 3/1/2011 On the ongoing debate in Congress regarding legislation to allow states to seek federal bankruptcy protection, the governors of the respective states have got this to say – “We don’t want any of it” (paraphrase mine). For...more
Bankruptcy Not a Cure-All by Tampa Bay Bankruptcy Center, P.A. on 2/21/2011 Allowing states to file for bankruptcy is not going to cure all the public pension problems, according to one expert. Professor Joshua Rauh of Northwestern University told a congressional hearing this recently. However,...more
The Good and Bad about Bankruptcy for States by Tampa Bay Bankruptcy Center, P.A. on 2/7/2011 Last year, 1.5 million Americans filed for bankruptcy. Some cities and counties had also done so. But what about states? Constitutionally, states cannot file for bankruptcy protection because they are independent sovereigns...more
States Do Not Want Bankruptcy Right by Tampa Bay Bankruptcy Center, P.A. on 1/24/2011 All the states in the US are considered sovereign territories which makes it unconstitutional for them to be under federal bankruptcy supervision. But in times like these where many states are facing huge budget deficits,...more
The Other Side of State Bankruptcies by Tampa Bay Bankruptcy Center, P.A. on 1/24/2011 Former House Speaker Newt Gingrich is all for having legislation that allows states to file for bankruptcy protection. Gingrich says that doing so would free state governments from their crippling debts and allow them to...more
New Jersey Governor Criticized over Bankruptcy Remark by Tampa Bay Bankruptcy Center, P.A. on 1/17/2011 On the same day as the state of New Jersey offered a bond offering, its governor Chris Christie made a remark that rising healthcare costs might ‘bankrupt’ the state. Governor Christie was soundly criticized for his remark...more
Gingrich Wants Bankruptcy Rights for States by Tampa Bay Bankruptcy Center, P.A. on 1/17/2011 Newt Gingrich, the Former House Speaker and possible GOP Presidential Contender wants the federal government to pass laws allowing states in financial difficulties to file for bankruptcy and avoid paying state workers...more
Duchess of York Fights Bankruptcy by Tampa Bay Bankruptcy Center, P.A. on 11/2/2010 Sarah Ferguson, the Duchess of York and ex-wife of Prince Andrew, is fighting to stave off bankruptcy. The Duchess’ debts at one point hovered around a whopping £5 million, mostly due to failed business dealings. Her debts...more